Tourism & Hospitality | Monday 4 January, 2016 9:11 am

Dur Hospitality, GACA sign SR120m development deal

DUR Hospitality Company signed an agreement with the General Authority of Civil Aviation (GACA) to develop Makarem Arriyadh Hotel located at King Khaled International Airport (KKIA), including an extension of the current agreement for a period of 20 years starting this year. The development is...

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Business & Money | Monday 4 January, 2016 8:09 am

SEDCO Holding secures 8th Best Workplace in Kingdom

SEDCO Holding Group has achieved another milestone by occupying the 8th Best Place to Work by ‘Great Place to Work’ in Saudi Arabia in 2015, having ranked 11th best place in the past year 2014. SEDCO Holding Group has achieved this ranking based on data derived from a comprehensive...

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Environment & Energy | Sunday 3 January, 2016 11:02 am

Wind and solar power soar in spite of bargain prices for fossil fuels

Wind and solar power appear set for a record-breaking year in 2016 as a clean-energy construction boom gains momentum in spite of a global glut of cheap fossil fuels. Installations of wind turbines and solar panels soared in 2015 as utility companies went on a worldwide building binge, taking...

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Healthcare | Sunday 3 January, 2016 10:56 am

First dialysis center opens in Madinah

 After many years of waiting, more than 1,000 kidney failure patients in Madinah have realized their dream of having a dialysis center matching global standards in their city. The dialysis center, set up through a national program that facilitates for kidney patients treatment inside the...

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Business & Money | Sunday 3 January, 2016 10:55 am

Maaden begins initial production at Barrick copper JV

Saudi Arabian Mining Co. (Maaden) has began initial production of copper at its joint venture affiliate with Canada’s Barrick Gold Corp, the Gulf’s largest miner said in a bourse statement. Maaden Barrick Copper Co, owned equally by the pair, will have an estimated annual production...

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Business & Money | Saturday 2 January, 2016 10:01 am

KSA vows more talks with OPEC partners

Saudi Arabia is committed to oil market stability and would continue consulting with its partners in the Organization of Petroleum Exporting Countries (OPEC), including Algeria, on production levels, said Foreign Minister Adel Al-Jubeir. Al-Jubeir made the comments at a joint press conference...

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Business & Money | Saturday 2 January, 2016 9:38 am

Gold loses luster in worst slump since 1984

Gold’s image as a haven asset has taken a battering with the metal capping its longest slump in more than 30 years as investors sold from bullion-backed funds. Bullion futures fell for a sixth-straight quarter, the longest slump since 1984, and lost 10 percent this year.  Prices, which ...

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Business & Money | Saturday 2 January, 2016 3:24 am

Youth involvement in development stressed

Makkah Gov. Prince Khaled Al-Faisal laid the foundation stone of the Bahrah development center at Al-Bayda village on Wednesday. Bahrah, a town located between Makkah and Jeddah, is part of the Makkah region’s sustainable development project. Prince Khaled expressed his happiness over the ...

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Business & Money | Friday 1 January, 2016 3:31 am

GE, Aramco plan to set up National Power Academy

General Electric (GE) successfully ended 2015 with the signing of a memorandum of understanding (MoU) with Saudi Aramco to establish the National Power Academy (NPA). Speaking to Saudi Gazette, Hisham Al-Bahkali, president and chief executive officer of GE Saudi Arabia & Bahrain, spoke about ...

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Business & Money | Friday 1 January, 2016 3:25 am

Bangladesh to send more maids upon KSA request

On a request made by the Saudi government, Bangladesh will increase the number of housemaids coming to the Kingdom from Dhaka. The announcement of the new development was made on Thursday following the bilateral talks held here between Minister of Labor Mufarrej bin Saad Al-Haqbani and visiting...

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